Following several weeks of speculation, British Mohair Holdings Ltd yesterday made a 55 pence per share cash offer for fabric and accessories manufacturer, Yorklyde Yorklyde Plc, valuing the company at £5.74 million.

The offer was triggered after BMH extended its stake in Yorklyde from 28.26 per cent to 58.24 per cent - which took it above the threshold at which it is required to make an offer.

Yorklyde's factories produce bespoke fabrics in cashmere, cashmere mixes and lambs wool for upmarket retail outlets.